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ECR successfully negotiated a great turn-key price, securing an entire building while providing significant real estate cost savings for THIE
Texas Hospital Insurance Exchange (THIE) was located in a Class-A office building along Loop 360 and every lease term, their real estate costs increased and at times, uncontrollably, resulting in unforeseen changes to their budget.
THIE hired ECR to find a purchase opportunity that would serve as THIE’s HQ for years to come as a place to expand and accommodate THIE employees and visitors.
A big goal for THIE was to better control their future real estate costs (and build equity for their organization).
ECR was tasked with locating a high-quality purchase option with +/- 7,000 RSF of office space near the Round Rock/Georgetown markets, before THIE’s expiration of their current office lease in Northwest Austin.
There was a shortage of purchase opportunities north of Austin in the desired size range, so ECR’s team considered existing buildings and proposed office projects.
ECR identified a great build-to-suit development in Georgetown called Sedro Crossing, which allowed THIE to not only select which location within the project they wanted to build on but also provided THIE the ability to fully customize their building and office space layout/finishes.
ECR successfully negotiated a great turn-key price for THIE to secure an entire building for their long-term home in Georgetown with customizable finishes to make the office space exactly how THIE wanted for their business. This new location provides significant real estate cost savings for THIE, as well as shorter commutes for several key employees.
We’ll connect you with the best-suited team for your needs. Let us know what we can do for you!